Trading Room – 19th Oct 2018
“Dow falls more than 300 points as the market’s October struggles to persist.”
“The Shanghai Composite dropped 2.9 percent and hit its lowest level since November 2014.”
“Italian bond yields to their highs of the day and sent major European stock-market indexes to their session lows.”
The Dow and S&P 500 have fallen more than 4 percent each, while the Nasdaq is down nearly 7 percent in October.
This drop in Chinese stocks increased fears that China’s economy, the world’s second-largest, could be slowing down, dragging down global growth.
European Central Bank President Mario Draghi said.
one of the risks for the economy was countries trying to circumvent EU budget rules, which Italian bond yields to their highs of the day and sent major European stock-market indexes to their session lows.
As elite traders, we must always keep track of what is happening around the world as in the world of globalisation and new age of trading, bad news or good news travels fast and affects markets worldwide.
What are all the above headlines and news telling you on the global markets?
Are they just a smokescreen or you should really be worried about how they will affect the local stock market.
The mPower Algorithm is showing a very interesting development on the state of the global markets and traders should definitely take notice.
Traders can’t afford to be like a deer in the middle of the road staring in the headlights. View the global markets outlook in the mPower Report today and find out what is really happening in the US, Europe, and Asia stock markets and their relationship to Bursa Malaysia outlook.
What are the Malaysian stocks you can hold at this juncture?
At this juncture, it is crucial traders focus only on the best up-trending stocks on Bursa Malaysia for safety and performance.